Well I guess Big Oil is mostly happy with Obama, bringing the price down just before the election... and promising even more before Christmas.Sucks to be Romney if Big Oil likes likes "the socialist" more.

stop it, kids. Fartbongo never even worked at a gas station. incredibly wealthy people own the illusion of government and they toy with your emotions by lowering the gas price a few pennies near election day. if i was uber powerful i'd fark with the peons, too. just because i could.

and on different weeks with alternating days on a sawtooth curve i'd screw with the gun nuts, abortion rights, poor folks, raising-lowering taxes, gay marriage, minimum wage, rape rape, cost of this or that, unemployment, tax benefits for all my wealthy friends... you name it. more fun that a barrel full of monkeys.

Gas prices have nothing to do with supply. Oil is controlled by a series of massive cartels that ensure that gas/oil prices are always exactly the maximum people are willing to pay, regardless of the cost of actually getting the oil.

Yeah, if everyone banded together and refused to pay any more than $3.50 a gallon, they would still price it at $4, amirite?

You people who refuse supply and demand are tards. Supply and demand are pretty much the ONLY things that matter. There is contribution by political risk (Nigeria) and factors regarding the relative availability of various qualities of crude. But this tin-foil-hat nuttery about how basic economic principle falls into the void in gas prices is only believed by people who believe Karl Rove really rules the world.

Think about what you write. How could a fungible asset remain an arbitrage target? Please be less stupid.

Emposter:Gas prices have nothing to do with supply. Oil is controlled by a series of massive cartels that ensure that gas/oil prices are always exactly the maximum people are willing to pay, regardless of the cost of actually getting the oil.

I remember when fuel was just over a dollar p/g. It was under $2 as recently as 2008 when demand killed the price.

While I understand that Obama doesn't have a magic switch to change these prices, I'm also angry that my earnings are stagnated while the price of damn near everything is skyrocketing. Even a farking can of tuna that I bought for sammiches is suddenly 40% higher. In a good year I make 50,000. It's typically 40k. I'll survive, but it's starting to get uncomfortable when I look at my receipts.

Still beats Romney's nebulous 'plan,' however. This whole thing is a mess.

Why the Fark didn't diesel drop back in line with normal unleaded? After the shakeup your standard base price +.10 (mid) +.10 premium has skewed to add at least another .30 in the spread. And diesel remains priced above premium though less refined, at least here in ga. You farmers have any insight?

Yeah, if everyone banded together and refused to pay any more than $3.50 a gallon, they would still price it at $4, amirite?

You people who refuse supply and demand are tards. Supply and demand are pretty much the ONLY things that matter. There is contribution by political risk (Nigeria) and factors regarding the relative availability of various qualities of crude. But this tin-foil-hat nuttery about how basic economic principle falls into the void in gas prices is only believed by people who believe Karl Rove really rules the world.

Think about what you write. How could a fungible asset remain an arbitrage target? Please be less stupid.

People would rather face a "fixable" problem than one that can't be fixed. If the market is doing what it's doing because of manipulation, that can be fixed. If it's happening because we are now living in a world of virtually bottomless demand, it can't. Obviously, people will prefer to believe the former, if they can.

Hot Carl To Go:Why the Fark didn't diesel drop back in line with normal unleaded? After the shakeup your standard base price +.10 (mid) +.10 premium has skewed to add at least another .30 in the spread. And diesel remains priced above premium though less refined, at least here in ga. You farmers have any insight?

As you may recall, a few years back, diesel was significantly lower than gasoline. Then, EPA kicked in with the ultra-low sulfur and the price went above gasoline. Additionally, in 2010 federal diesel taxes were raised to just over $0.24 while gasoline is around $0.18. You may recall that there was a call for increasing taxes on gasoline but there was a huge public outcry. So our brilliant politicians just raised the taxes on diesel - after all, only truck drivers use diesel and they can just pass the cost along to consumers. Just about every truck freight invoice issued in the past few of years has a fuel surcharge tacked on it. Since retailers simply raise the price to cover costs, the public has been successfully taxed without raising taxes and by making truckers look like the bad guys.

At this time of the year, some diesel production is being shifted to stockpiling fuel oil for the winter which is almost identical to diesel, thus the same refineries are used and less diesel is available.

As to farmers, they generally get dyed diesel. A red dye is added to the fuel that identifies it as off-road fuel, thus used for farm equipment, construction equipment and other off-road uses. No road taxes are paid on that fuel; using it in on-road vehicles will drive a pretty hefty fine.

Yeah, if everyone banded together and refused to pay any more than $3.50 a gallon, they would still price it at $4, amirite?

You people who refuse supply and demand are tards. Supply and demand are pretty much the ONLY things that matter. There is contribution by political risk (Nigeria) and factors regarding the relative availability of various qualities of crude. But this tin-foil-hat nuttery about how basic economic principle falls into the void in gas prices is only believed by people who believe Karl Rove really rules the world.

Think about what you write. How could a fungible asset remain an arbitrage target? Please be less stupid.

Basic economic principle doesn't fall into the void, but gas prices are controled by a lot more than just supply and demand. Oil is a rather special asset in that there is no individual way to predict how a change in supply will effect a change in prices. There's no individual way to predict how a change in demand will effect a change in prices.

dickfreckle:Emposter: Gas prices have nothing to do with supply. Oil is controlled by a series of massive cartels that ensure that gas/oil prices are always exactly the maximum people are willing to pay, regardless of the cost of actually getting the oil.

I remember when fuel was just over a dollar p/g. It was under $2 as recently as 2008 when demand killed the price.

While I understand that Obama doesn't have a magic switch to change these prices, I'm also angry that my earnings are stagnated while the price of damn near everything is skyrocketing. Even a farking can of tuna that I bought for sammiches is suddenly 40% higher. In a good year I make 50,000. It's typically 40k. I'll survive, but it's starting to get uncomfortable when I look at my receipts.

Yeah, if everyone banded together and refused to pay any more than $3.50 a gallon, they would still price it at $4, amirite?

You people who refuse supply and demand are tards. Supply and demand are pretty much the ONLY things that matter. There is contribution by political risk (Nigeria) and factors regarding the relative availability of various qualities of crude. But this tin-foil-hat nuttery about how basic economic principle falls into the void in gas prices is only believed by people who believe Karl Rove really rules the world.

Think about what you write. How could a fungible asset remain an arbitrage target? Please be less stupid.

Basic economic principle doesn't fall into the void, but gas prices are controled by a lot more than just supply and demand. Oil is a rather special asset in that there is no individual way to predict how a change in supply will effect a change in prices. There's no individual way to predict how a change in demand will effect a change in prices.

Anyway, we are ALL talking shiat: A market with a vitually bottomless demand side is not a "rational" market, and it isn't going to conform to "rational" rules.We're all Bozos on this bus.

Odd, I always blamed the sexual insecurity of American males compelling them to all go out & buy bigger and bigger SUVs in some sort of adolescent vicarious dick-measuring contest that drove up gas prices?

2002: $22.81 per barrel.

2006: Third generation Cadillac Escalade introduced.

2011: $87.48 per barrel.

Of course, if you look at the history of oil prices, the most obvious real cause of price hikes is (surprise!) wars in the Middle East. So to that effect, yes you most certainly can drag US presidents into the equation. In the most recent case, for example, we can blame both Bush (for starting the war) and Obama (for not getting us out of it). See? Non-partisan venom. They all suck.

I'll bet a year of TotalFark, that if B-Rock the Islamic Shock is re-elected, within 1 week, all the banks will be closed and soldiers will be marching in the streets. In fact, I have it on good authority that it will happen.

Yeah, if everyone banded together and refused to pay any more than $3.50 a gallon, they would still price it at $4, amirite?

You people who refuse supply and demand are tards. Supply and demand are pretty much the ONLY things that matter. There is contribution by political risk (Nigeria) and factors regarding the relative availability of various qualities of crude. But this tin-foil-hat nuttery about how basic economic principle falls into the void in gas prices is only believed by people who believe Karl Rove really rules the world.

Think about what you write. How could a fungible asset remain an arbitrage target? Please be less stupid.

Yeah well apparently oil isn't as fungible as everyone thinks if Romney is going to keep it all here in the US rather than allowing exports as his energy policy.

/will laugh if the "business owner" ends up destroying global trade and the economy